Fair Isaac Co. (NYSE:FICO) Shares Sold by Ascent Group LLC

Ascent Group LLC reduced its stake in shares of Fair Isaac Co. (NYSE:FICO) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 905 shares of the technology company’s stock after selling 31 shares during the period. Ascent Group LLC’s holdings in Fair Isaac were worth $1,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Heritage Family Offices LLP boosted its stake in shares of Fair Isaac by 2.0% during the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after acquiring an additional 6 shares during the period. Moss Adams Wealth Advisors LLC raised its holdings in Fair Isaac by 4.0% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after acquiring an additional 6 shares during the last quarter. Covestor Ltd lifted its stake in shares of Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after purchasing an additional 6 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 1.8 %

FICO stock opened at $2,332.11 on Tuesday. The company has a market capitalization of $56.79 billion, a P/E ratio of 114.04, a PEG ratio of 4.37 and a beta of 1.35. The firm has a 50 day simple moving average of $2,101.37 and a 200-day simple moving average of $1,764.18. Fair Isaac Co. has a twelve month low of $1,099.74 and a twelve month high of $2,402.51.

Insider Activity

In other news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the transaction, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,390 shares of company stock worth $21,901,887. 3.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on FICO shares. Barclays raised their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Oppenheimer raised their target price on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company upped their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC raised their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,998.75.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.